Todays Top Indian STOCKS Are In Focus | Trading Tips

STOCKS TO WATCH- Thursday DEC 22 - Alankit, IFCI, JSW Steel, South Indian Bank, Sun Pharma

Alankit Ltd:

Alankit Ltd., an insurance brokerage firm, will be in focus after it informed exchanges of been appointed as E-KYC User Agency (KUA) for the usage of Aadhaar Authentication Services provided by UIDAI to provide Aadhaar Enabled Services to company beneficiaries, clients and customers.

Empee Distilleries Ltd:

Empee Distilleries Ltd., alcoholic beverages maker, will be in focus after it informed exchanges that a meeting of the board of directors is scheduled to be held on December 26 to consider and approve sale of 19.51 million equity shares of Rs 10 each held by the company in Empee Hotels Ltd (Unlisted entity).

GE T&D India Ltd:

GE T&D India Ltd., erstwhile Alstom India engaged in power transmission and related activity, will be in focus after the board of directors accepted resignation of Ravi Kumar Krishnamurthy as whole-time director and as director of the company effective from December 21, 2016.

Godrej Industries Ltd:

Godrej Industries Ltd., maker of oleochemicals, will be in focus after it informed exchanges that RKN Enterprises acquired 12.81 million shares equivalent to 3.81% of the total paid-up equity share capital of Godrej Industries from Rishak K Naoroji.

Godrej Properties Ltd:

Godrej Properties Ltd., real estate developer, will be in focus after RKN Enterprises acquired 3.99 million shares, or 1.84% stake in Godrej Properties from Rishad K Naoroji.

IFCI Ltd:

IFCI Ltd., the state-owned industrial term lender, will be in focus after it raised benchmark lending rate by 0.1 percentage point (10 basis points) to 8.6%.

JSW Steel Ltd:

JSW Steel Ltd., the integrated steel maker, will be in focus on receipt of member's nod for sub-division of equity shares of company from face value of Rs 10 each to Rs 1 each.

KDDL Ltd:

KDDL Ltd., maker of watched and components, will be in focus after it allotted 264,150 zero coupon convertible warrants at premium of Rs 255 per share to Swades Capital LLC, a promoter group entity.

Kwality Pharmaceuticals Ltd:

Kwality Pharmaceuticals Ltd., the drugmaker, will be in focus ahead of releasing its financial results for the quarter ended September 30, 2016.

Nitesh Estates Ltd:

Nitesh Estates Ltd., the real estate developer, will be in focus after it informed exchanges that it redeemed 700 non convertible debentures (Unlisted NCD) out of 1,250 non convertible debentures held by IDFC Ltd for the aggregate value of Rs 700 million.

South Indian Bank Ltd:

South Indian Bank Ltd., the private lender, will be in focus after its board approved issue of one equity share for every three equity shares held by shareholders on rights basis.

Sun Pharmaceutical Industries Ltd:

Sun Pharmaceutical Industries Ltd., the largest drugmaker by market value, will be in focus after it completed acquisition of oncology product, Odomzo from Novartis for a total consideration of $175 million.

Tata Steel Ltd:

Tata Steel Ltd., the privately held largest integrated steel producer, will be in focus after shareholders approved removal of Cyrus Mistry from its board.

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